Cyclohexanone Market Growth Drivers, Component Analysis and Growth Cyclohexanone Market
Cyclohexanone Market anticipated to witness healthy CAGR over
2019-2025: Global Market Insights, Inc.
According to a new research report by the market research and strategy consulting
firm, Global Market Insights, Inc, Cyclohexanone Market size should see a significant
growth during the forecast timeframe owing to its wide usage in printing inks, paints
and lacquers, adhesives, cleaning agents and as a precursor to nylon. Growth in textile
industry owing to wide usage nylon may drive the overall market growth.
Cyclohexanone is a colorless organic compound slightly soluble in water, having a
pleasant odor similar to acetone. It is a 6 carbon cyclic molecule with ketone group. It
is lighter than water and its fumes are heavier than air. It is formed by oxidizing
cyclohexane in presence of cobalt as catalyst, which results in a mixture known as
ketone alcohol oil or KA oil.
Cyclohexanone is widely used as an organic solvent, it is capable of dissolving
nitrocellulose, cellulose ethers, PVC, poly(methyl methacrylate), polyvinyl acetate,
polystyrene, phenol resin, coumarone resin, modified phenol resin, and various natural
resins. It is widely used for solvent, coating owing to its superior properties which
includes mutual solubility, low volatility, good dissolvability and low toxicity. Global ink
and coating industry may surpass at over USD 45 billion by the year 2023
cyclohexanone is used in printing ink as a solvent which may drive the cyclohexanone
market growth.
Increasing demand for nylon in textile, personal safety equipment and electronic
industry owing to its excellent heat resistance and low conductivity are the main factors
which may drive the cyclohexanone market. Global nylon market size is expected to
account at over USD 40 Billion by the year 2025. The product is used as a precursor
to nylon, it is used to produce caprolactam a monomer of nylon 6 and adipic acid a
major constituent of nylon 66 thereby boosting the product demand.
Rising demand for pesticide owing to increasing usage in agricultural industry demand
may drive the overall cyclohexanone market size. Global pesticide industry is likely to
be valued at over USD 90 billion by 2023. Cyclohexanone is utilized in agricultural
industry as a solvent to dissolve pesticides and herbicides such as organophosphorus
pesticides and DDT. It is also used in pharmaceutical industry as a derivative to
produce several drugs thereby driving the overall market growth.
Cyclohexanone is slightly hazardous to humans. Its inhalation, oral consumption and
dermal exposure might possess health hazards owing to its acute toxicity and
flammable nature. However, the health hazards associated with the product are low,
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